AroTrade – an overview of broker with the individual education for everyone

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AroTrade – reviews and review of the trading platform

вњ… This Trading Platform is available in United States

В Review of famous financial brokers: Arotrade

Most modern traders are of the opinion that one of the main conditions for success in the global financial market is a broker whom they trust in their money. Choosing a trading platform is a very difficult and demanding task. For example, searching and analyzing information about Arotrade can stump even experienced traders. On the one hand, this broker is spoken of as a reliable and decent partner, but at the same time, a huge number of angry comments can be found on the web, in which the platform presented is called a fraudulent scheme. Where the truth?

In all serious financial matters, you can only trust yourself 100%. Therefore, in order to form an objective opinion on the trading platform under consideration, it is necessary, first of all, to study it in detail. And only on the basis of the information collected, supported by personal observations (and even better, practical tests), it can be concluded that this broker is reliable.

What can Arotrade customers expect

The presented company debuted on the global financial market in 2020 as a binary options broker. But in 2020 there was a rebranding of the organization and the company changed its line of business to CFD trading. This decision demonstrates the foresight and high professionalism of the project organizers.

Security of the traders funds

The creators of the trading platform made Arotrade an application that allows broker clients to conduct transactions, regardless of the device used and location (a prerequisite is the availability of the Internet). The company’s website is under constant control of specialists, and in case of technical or financial problems, users can contact the round-the-clock support service (it works 6 days a week, except Sundays).

An isolated account (customers’ money is kept in well-known European banks) is a reliable guarantee of the safety of financial resources of traders. Another tool that a broker uses to protect data is the SSL encryption protocol. Additional evidence of the reliability of any broker has always been considered the presence of an organization that controls its financial activities.

Regulator

In this case, such an organization is the International Financial Services Commission (IFSC). The submitted institution issues documents to brokers that authorize the provision of financial services and monitors compliance with the basic requirements that online trading brokers must fulfill. Having registered a login on Arotrade, there is no doubt that the proposals of this company do not violate the global financial legislation.

Training

Experienced traders call the training center of the presented company one of its main advantages. A beginner who has decided to study all the nuances of online trading will find on the broker’s website all the necessary information and help of specialists (individual lessons, webinars, glossary, recommendations of experienced analysts, electronic literature, etc.).

For users of the platform who are already making real deals, the administration of the resource also provides useful information necessary for making their forecasts of interest. In this case, no one will force you to pay for this service.

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But effective learning includes more than theoretical training. In order to become a successful trader, you need to test your knowledge in practice. The demo account provided on Arotrade allows you to solve this problem without additional financial costs. To open it, you need to fill out a small form (last name, first name, country, e-mail) and confirm that you agree with the rules of the resource.

Characteristics of the main indicators Arotrade

On the site, in addition to the demo account users have the opportunity to open:

в—Џ basic (with a bonus of 20%);

в—Џ platinum (100%);

в—Џ black (for exclusive customers).

The main differences between the above accounts are in the number of services provided and the amount of the deposit that the trader must replenish.

Trading Terms

в—Џ The minimum first deposit is $ 250.

в—Џ The minimum bid is $ 10.

в—Џ Estimated part of net profit – up to 100%.

в—Џ Bonus – 20-100%.

● Languages ​​- Arabic, Russian, English.

в—Џ Currency accounts – the euro, the British pound and the US dollar.

в—Џ “Islamic” account – available.

в—Џ Personal Assistant – is (depends on the type of account).

Deposit and withdrawal of funds

Important point! In order to avoid any problems with the withdrawal of money, it is necessary, without fail, to go through the verification procedure. The trader must provide personal information to the broker and copies of bank cards, which he will use during the input / output of funds. The list of available deposit and withdrawal methods includes:

в—Џ Transfer through financial institutions.

в—Џ Plastic (debit / credit) cards (Visa and MasterCard).

If you take a review compiled by analysts about Arotrade and study it in detail, in most cases you will find examples of how the administration of the resource delayed the payment. As far as this information is true, only real clients of the broker can tell. Perhaps these complaints are written by professional freelancers who fulfill the order of unscrupulous competitors.

Assets

Reading the reviews prepared by Arotrade, you will definitely find information on the number of assets that traders will use after registering on the site. In this regard, the presented site occupies one of the leading positions. Not every broker provides its clients with more than 1,000 financial assets. Specializing in CFD trading, the company has access to the Forex market, stocks of large companies, indices, exchange commodities and cryptocurrencies.

5 Best Online Stock Brokers 2020

Posted by Blain Reinkensmeyer | Last updated on Mar 17th, 2020 | Published Apr 28th, 2020

Investors should know the best online brokers to trade stocks with. Some online stock brokers are known for their award-winning customer service while others are known for inexpensive stock trades or powerful trading platforms. This guide will highlight some of the best brokers available today with tips and advice for choosing an online broker.

I spend hundreds of hours testing financial products and services each year. My reviews are honest and unbiased. If you use the links on this page to open an account, I may be compensated. Thank you for your support!

Here are some of the best online brokers for stock trading in 2020.

1. TD Ameritrade

Stock Trades: $0 | Minimum Deposit: $0

TD Ameritrade was ranked #1 Online Broker 2020 by StockBrokers.com*. TD Ameritrade charges $0 for regular stock and ETF trades and is best known for its trading platform, thinkorswim, alongside its outstanding learning center for beginners. Alongside #1 Overall, TD Ameritrade received top awards for its trading tools, mobile apps, research, customer service, and education. Full review.

2. TradeStation

Stock Trades: $0 | Minimum Deposit: $500
Current Offer: Commission-Free Trades on Stocks, ETFs & Options Trades

TradeStation offers the most advanced desktop trading platform in the industry and is excellent for stocks, ETFs, options, and futures trading. Meanwhile, TradeStation’s web-based platform and mobile app offer $0 stock trades and are great for casual traders. What I love most about TradeStation is the true focus on traders. Whether you are a new trader just learning the ropes, a casual trader, or an active trader who day trades or swing trades, TradeStation has you covered. Full review.

3. E*TRADE

Stock Trades: $0 | Minimum Deposit: $0
Current Offer: Get $100 when you deposit just $5,000 into a new E*TRADE account!

E*TRADE is best known for its Power E*TRADE platform for options trading, alongside its two mobile apps. The Power E*TRADE platform was rated the #1 platform for Options Trading. E*TRADE was also ranked #1 for Mobile Trading in the StockBrokers.com 2020 Review*. Like its closest competitors, E*TRADE now charges $0 per trade thanks to a broker pricing war that took place in October 2020. Full review.

4. Merrill Edge

Stock Trades: $6.95 | Minimum Deposit: $0

Merrill Edge is the online brokerage arm of Bank of America, which is open to all investors, regardless if they are a current banking customer. Alongside $0 trades, Merrill Edge offers excellent stock research (Merrill Edge was rated #1 for environmental, social, and governance “ESG” research). Also, Merrill Edge offers the best rewards program. Reward perks include credit card bonus cash back, savings interest bonuses, priority customer service, and more. My wife and I have personally been members of the program since it launched in 2020. It’s awesome. Full review.

5. Fidelity

Stock Trades: $0 | Minimum Deposit: $0

Fidelity focuses its customer experience on value. Beyond $0 trades and an ease of use website, Fidelity also finished #1 for research tools. It’s Viewpoint articles are top of class and Fidelity is the only online broker to offer 16 third-party research reports for individual equities. Full review.

Tips for Choosing an Online Brokerage

Having the best online broker to serve individual needs is very important for any investor. Consider these 12 key factors to help compare all stock brokers and ultimately find the best broker to suite your needs.

1. Trade Commissions
What does it cost to buy shares of stock? Does the fee change based on the type of order or size of order? Fortunately, today, trade commissions are essentially a “thing of the past” as the majority of brokers now offer $0 stock and ETF trades.

2. Customer Service
When picking up the phone or emailing a broker, is a well trained customer service representative ready to assist? How any investor is treated as a client is more important to some than others. But, even for those that don’t rely on customer support that often, to know that they have award winning service there when they need it is comforting.

3. Trading Tools
Trading successfully is a lot easier when investors have great tools at their disposal. A top stock broker should offer access to a wide variety of trade tools to help make the most of each and every trade. From real-time streaming quotes to last sale tickers, quality stock scanners, mobile trading apps, and level II quotes to name a few. Strong tools are essential for active investors.

4. Account Minimums
Some brokers allow you to open an account with no minimum deposit while others may require several thousand dollars. Also know that some brokers require higher minimums to gain access to premium platforms, functionality, and personalized support.

5. Market Research
A good online broker will provide a variety of market research tools. The rule of thumb here is simple: the more you pay per trade, the better the market research (both fundamental and technical) that is provided.

6. Investment Options
A online stock broker should offer access to not only trading stocks, but also a strong selection of no load mutual funds, commission free ETFs, and complex options. Other unique investment offerings to look for could include direct market routing, conditional orders, futures trading, and forex trading.

5. Other Fees
Fees beyond trade commissions include inactivity fees (common with active trading brokers such as Interactive Brokers, Lightspeed, and TradeStation) and IRA fees for having a retirement account. While most brokers do not charge predatory fees, it’s still important to do your due diligence. Just like a bank account, stock brokers also make a portion of their profits off miscellaneous fees.

8. Retirement Accounts
Funding a IRA, Roth IRA, or other retirement account with no annual fees is an extra perk many online brokers offer. There is no reason why you should pay an annual fee to have an retirement account. If managing your own portfolio is not of interest, all full-service brokers offer optional advisory services as well. Furthermore, robo-advisors are growing in popularity. Once again, the experience at larger established brokers is going to be superior to smaller brokers.

9. Banking
Larger online brokers offer banking and other financial services. This goes beyond money market accounts and CDs. Checking accounts, mortgages, debit cards, and credit cards can also be offered. The leader in this space is, hands down, Bank of America, Merrill Edge .

10. Account Security
Because of the web today, all online brokers invest heavily into account security. SSL websites (look for “https” at the beginning any URL) are used by most brokers and some are now even offering two-factor authentication (using your phone to confirm a code before logging in). Just like shopping online and choosing a trustworthy website to purchase from, the best bet is to choose a well-known, established broker for your portfolio.

11. Speed & Order Execution
For the active trader, execution speed and fill price are very important. I won’t get too in depth here but I have tested many of these brokers and there can be noticeable differences in trade execution times and quality. For the majority of investors, saving a penny per share on a 100 shares order isn’t the end of the world, but for active traders it is something to look into. To understand Order Execution, read this guide.

12. International Trading
For investors in the United States this is not a problem but for investors living outside the US, when comparing brokers it is important to make sure they offer service in your country. Here’s a good list of international brokers to start with.

Best Stock Brokers Summary

Recommended for Online Broker Trade Cost Rating
Overall TD Ameritrade $0 5 Stars
Day Trading TradeStation $0 4.5 Stars
Research Merrill Edge $0 4.5 Stars
Balanced Offering Fidelity $0 5 Stars
Options Trading E*TRADE $0 4.5 Stars
Retirement Charles Schwab $0 4.5 Stars
Banking Merrill Edge $0 4.5 Stars

Questions & Help Choosing a Broker

If you need help deciding which broker to choose or have a broker specific question please feel free to email me and I will be happy to help.

To view star ratings, summaries, screenshots, and more for these brokers, see our stock broker comparison tool.

Also, if you feel this guide was helpful for you please share it on Facebook, Twitter, Google+, or email it to a friend. This took many dozens of hours to put together so I appreciate your support!

* – The StockBrokers.com 2020 Online Broker Review included 15 brokers whom were each assessed within eight core categories: Commissions & Fees, Customer Service, Platforms & Tools, Research, Ease-of-Use, Offering of Investments, Education, and Mobile Trading.

TD Ameritrade, Inc. and Reink Media Group are separate, unaffiliated companies and are not responsible for each other’s services and products. Terms.

FXTM Review

Leverage: 1:30 | 1:200

Regulation: CySEC,FCA, FSCA

Min. Deposit: US$200

HQ: Cyprus

Platforms: MT4, MT5

Found in: 2020

FXTM Licenses

  • ForexTime Limited – authorized by CySEC (Cyprus) registration no. 185/12
  • ForexTime Limited – authorized FSCA (South Africa) registration no. 46614
  • ForexTime UK Limited – authorized by FCA (UK) registration no. 600475
  • Exinity Limited – authorized by FSC (Mauritius) registration no. C113012295
  • Our Review
  • FXTM User Reviews
  • FXTM News

What is FXTM?

The FXTM or Forex Time company launched in 2020 with its headquarters in Cyprus (Limassol) also authorized by Financial Conduct Authority and other regulators, been named as one of the world’s fastest growing and best forex brokers. As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.

The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading around the globe, regardless of the trader’s knowledge. However, the chain of FXTM offices also established around Europe, located in the UK and maintaining entity in South Africa.

Pros Cons
• Founded in Cyprus and known worldwide as one of the best Forex Brokers

• Regulated by the Cyprus and several Forex authorities

• Numerous industry awards

• Low Deposit Requirement

• Tight Spreads

• Withdrawal fee

• High Stocks trading Spread

10 Points Summary

1. FXTM is an international brokerage firm established with headquarter in Cyprus and numerous entities around the world. And high focus on Africa, South Africa and Asia regions

2. Trustable company due to its regulations set by world leading regulators FCA, FSCA etc

3. MT4 and MT5 Platforms offered as a trading software available in desktop, Web and mobile versions

4. The broker offers a wide range of Forex and CFD product including Cryptocurrency

5. Some of the best organization in terms of Forex Education with Webinars, Seminars and Advanced Learning Centers available to all

6. Demo Account available with no restriction, also further FXTM offers a great range of account types suitable for various types of investors

7. Trading costs for CFD Stocks are low, yet Forex fees for Standard proposal are average

8. Various base currencies offered and supported at account preference

9. Min deposit starts from 10$ for cent account with no fees. Withdrawals are also free, however, some methods may charge fees

10. Great range of payment methods accepted for money transfers including Bitcoin, e-wallets and Credit Cards

Awards

From the fast client approval to the general trading process, comprehensive learnings and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedbacks.

The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities and gained vast awards for excellence in trading.

FXTM also proudly takes an active social role while supporting and sponsoring various world Sports alike Sahara Force India Formula 1 team and regularly reveals in the media.

Is FXTM safe or a scam?

ForexTime Ltd, ForexTime UK Ltd and Exinity Limited are three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.

This question is indeed the most crucial one, as investor accounts lose money and if you trade with the unregulated entity the High risk to lose funds is dramatically high.

Pros Cons
• Regulated by several authorities Cyprus CySEC, Financial Conduct Authority FCA and South Africa

• Negative balance protection

• Not listed on Stock Exchange

Is FXTM a legit company?

Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.

The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity.

FXTM legal entity Investor Protection FXTM License Number
ForexTime UK Limited Regulated by FCA (UK) registration no. 600475
ForexTime Limited Authorized FSCA (South Africa) registration no. 46614
Authorized by Authorized by Cyprus Securities and Exchange Commission registration no. 185/12
Exinity Limited Authorized by FSC (Mauritius) registration no. C113012295

How are you protected?

Since FXTM license means its compliance with all the strict regulatory requirements, trader’s investment considered to be safe, as the broker completely segregates funds from the operational funds of the FXTM while kept in leading and reputable EU banks.

In addition, FXTM is a member of the Investor Compensation Fund that compensates in case of the company insolvency, as well as protected by the negative balance protection and other requirements that are audited on a regular basis by the authority.

Leverage

When you trading with FXTM you are able to operate with fixed or floating leverage. The leverage indeed a very useful tool, especially for the traders of smaller size, as it may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times.

What is the risk level?

Yet, remember that correct leverage should be set to various instruments, as it may increase your risk level and potential loses as well. Therefore, FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in the region or another. And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you.

So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an FXTM account under a particular entity that allows such high leverage levels, which is offered by the global brand.

Otherwise, if you are a resident of Europe or UK, as well holding an account under European entity which obliges to ESMA regulation, the maximum current leverage ratio is set to a

  • 1:30 on Forex instruments
  • 1:20 Spot Metals, 1:10 XAG USD
  • 1:20 Minor Currency Pairs
  • 1:5 Shares

Accounts

Despite the majority, the FXTM trading accounts are truly ensuring each client convenience by separate accounts for Forex trading and Invest Accounts. Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 6 Account types.

Making the story short, it means that if you prefer to use ECN execution you have a choice between various FXTM ECN accounts, or an option to be based on Standard Accounts with no commission and all costs built into the spread.

However, always make sure to verify under which entity you will trade as FXTM offering may be slightly different for Forextime Limited, ForexTime UK or Exinity Limited. In this FXTM review we will cover Forextime offering in detail so you would understand conditions better.

Pros Cons
• Fast Account Opening, fully Digital

• 6 Account types with ECN and Standard execution

• Great options for a particular trading style

• Low Minimum deposit

• Free deposit

None

What are the account types?

So now let’s get a closer look at FXTM Standard Accounts which are divided into three options – Standard, Cent Account and Shares Account.

FXTM Standard Account – is a most balanced feature for all with floating spread from 1.3 pips, while FXTM Cent Account is a good choice for beginners with a small deposit to start – 5$, spreads from 1.5 pips and instant execution model or Cent lots.

FXTM Shares Account is specifically designed for traders who prefer trading on stocks over 120 US shared, allowed hedging and as spreads as low as 0.1 pips.

ECN Accounts

The second group of accounts are known as FXTM ECN Accounts that are also split into three features integrated to specific needs.

FXTM ECN Zero Account– is a non-commissionable account with a quite low deposit of 200$ for a start, spreads starting from 1.5 pips with no re-quotes execution and allowed hedging, scalping features.

FXTM ECN – account enclose commission of 2$ per lot, but including unlimited orders and you can enjoy low spreads from 0.1 pips. And the last is FXTM Pro Account – designed for professionals with a deposit of 25,000$, but offering floating leverage, interbank spreads starting at 0 and a great variety of assets.

So as you see there are plenty of flexible choices between the best working model for you, which might be confusing at some moment but generally very well organized with or opinion.

How do I open an FXTM account?

FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc.

So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step.

Opening an account step by step

1. Access FXTM Sign In page

2. Enter your personal data First and Last Name, Country of residence, email, phone, etc.

3. Answer online questioner about your trading knowledge and expectations

4. Select the account type

5. Verify your account by upload of your identity confirmation. These may include residential proof, copy of your ID, bank statement etc.

6. Once an account is activated and proved you may follow with the money deposit

Getting to another important question about Fes, which are mainly built into a spread are also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.

Generally, FXTM offering built through tight floating spreads while Standard MT4 spreads start from 1.6 Pips and from 0.1 pips for ECN accounts available on both platforms MT4 or MT5, but will add on a commission charge per order.

Pros Cons
• Flexible fee conditions defined by the account type

• Availability to trade with interbank variable spread plus commission

• Cent Account trading

• Low Stock and Index fees

• Standard spread is high compared to other brokers

Our find on Forex Fees

Forex fees offered by FXTM based on spread only with no commission in case you use Account based on Standard. This type of fees brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.

  • FXTM three Accounts based on Standard offering various fee conditions, so the standard spread starting from 1.3 pips for EUR USD, or EUR GBP
  • Cent account will feature slightly higher spread from 1.5 pips due to its option to trade with very small amounts calculated in cents
  • Shares Account offers fixed leverage 1:5 for US Shares and great spread from 0.1

Shares Fees

If you wish to trade Shares, the spreads leverage will be the only charge, which is a quite competitive and very pleasant offering compared to the industry. Below you may see some comparison between other trading CFDs brokers, yet remember this is the standard proposal that seems to be average and high at FXTM. But, as we see FXTM proposal is very flexible so with account types and depending on the instrument you trade FXTM may bring you almost the best proposal in terms of its fees.

Comparison between FXTM fees and similar brokers

Asset/ Pair FXTM Fees AvaTrade Fees XM Fees
EUR USD 1.5 pips 1.3 pips 1.6 pips
Crude Oil WTI 9 pips 3 pips 5 pips
Gold 9 40 35
BTC USD 20 0.75% 60
Inactivity fee Yes Yes Yes
Deposit fee No No No
Fee ranking Average Low High

What is FXTM commission?

So while you trade with Standard proposal there is no commission charges, as all costs built into a spread. Yet, if you select FXTM ECN account you will trade with interbank lower spread and commission charges applicable. A commission that you will be charged in case you use ECN MT4 account, is defined by the trading volume you operate see snapshot below.

  • New traders or the ones who would like to try the platform can learn to Trade via Demo account, featuring $1,000,000 available to trade, detailed step-by-step tutorials and online webinars, individual support by the account manager in 16 languages.

Moreover, there is an additional feature for FXTM Invest Account, a quite simple profile that including copy trading tool supported by the Top Strategy Managers and suitable for the traders of almost all degrees.

For accurate and updated information please check the official FXTM website, as well as you may compare fees to FXTM peer XM Trading.

An overview of the Non Trading Fees

These fees should be considered also, as FXTM will charge you 5$ per month in case you didn’t show any trading activity for a period of six months or more, this is known as FXTM Inactivity fee.

Despite this, there is no deposit fees or some of the withdrawals are free as well, which we will see in our FXTM review further, so all in all FXTM fee structure is quite transparent and well built.

Deposits and Withdrawals

In terms of the funding methods, FXTM made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

Pros Cons
• Minimum deposit – 10$

• Wide range of deposit option including Credit Card, Bitcoin

• Some withdrawal methods support 0$ fee policy

• Majority of withdrawal methods still add on commission

Deposit options

In order to fund an account or to send money to it you may choose among the following methods, which may also vary according to your country of origin. Also, FXTM is really quick with your deposit processing, as it mentions within 2 hours money will be available at your account so you may start trading instantly.

  • Credit cards
  • Bank wire transfers also with the possibility to perform a local bank transfer. Alike you can choose transfer via Deutsche Handelsbank (accepting deposits in EUR) and Rietumu Banka (using GBP, PLN, USD, EUR, RUR)
  • E-wallets (Neteller, Skrill, Alfa-Click, WebMoney, Western Union, Dotpay, Yandex money, Qiwi wallet, Bitcoin via Skrill, and counting)

What is the minimum deposit on FXTM?

The minimum deposit requirement for you to start trading at FXTM is set to as low as the $/€/£ 100 available for Account Standard and only 10$ for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.

How do I withdraw money from FXTM?

Once you decide to withdraw money from you account you obviously should submit an online request and follow with the required procedure. To make it short you simply should follow the following steps

  1. Login to your account in MyFXTM and go to Withdraw page through My Money
  2. Select the withdrawal method, required amount and click ‘Withdraw’
  3. Complete the withdrawal request along with PIN that will be sent to your email or phone via SMS
  4. Confirm withdrawal and Submit

How long does it take to withdraw from FXTM?

From the moment you submit and confirm the request to withdraw money from your account the accounting department of FXTM typically processed and confirm withdrawal within 2 business days.

Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules. Also, give it some days for the payment provider to process the transaction that also depending on particular international or provider rules.

Withdrawal fee

FXTM withdrawal fee applied to some of the payment methods, while others may be provided with 0% commission.

Since the variety of payment methods truly widely presented, the withdrawal fee varies from one option to another. As an example, Credit Cards withdrawal features 3$ fee, while Bank Transfer will cost 30$, and WebMoney will charge 2% above the requested amount. However, these withdrawal fees still considered to be on a low level comparing to other industry offerings.

Bonus

Another great possibility offered by FXTM is an option to get Bonus through frequent promotions and cashback programs broker offers.

Does FXTM have Bonus?

Yes FXTM offers Bonus programs. However, the Bonus program is strictly available only for the international brand of FXTM and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius.

How do I claim my FXTM bonus?

So if you open an account with the international entity of FXTM you may claim your bonus according to the recent promotions FXTM runs.

At the time of the FXTM Review writing, you may claim Welcome Bonus and earn 30$ tradeable credit, while you should register for an account then select the 300$ bonus promotion, deposit funds and start trading. Also note, every bonus program applies specified terms and conditions on how it should be used or accessed.

Market Instruments

Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering.

The trading markets include 250+ financial instruments, Forex products with over 50 currency pairs including attractive FXTM CFDs on Cryptocurrencies such as Bitcoin, ETH, Litecoin, Ripple. Also, you may select spot metal CFDs, share CFDs on over 170 major companies, CFDs on Commodities and CFDs on Indices.

FXTM Markets compared to similar Brokers

It is also good to compare FXTM to other industry offerings, so in the table below you may see available assets and instruments.

FXTM XM AvaTrade
Forex 57 57 55
Indices 11 18 18
Commodities 6 15 17
Cryptocurrency 4 5 6
Shares 174 1294 63

FXTM Trading Platforms

FXTM trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. However, a progressive technology of the MetaTrader was combined with FXTM’s unparalleled trading services that allowing smooth operation and enhancing your trading capabilities all in all making trading powerful processes.

Web Trading Platform

Since the FXTM platform is MT4 or MT5 software both offers various versions available either as WebTrading platforms or the one that can be installed directly at any device. Web trading software is a great option if you are a beginner or regular size trader, as platform accessible right from the browser, does not require any installation, easy save and navigated.

Look and feel

Desktop Trading Platform

If you require more tools along with powerful customization you better choose Desktop version. MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience.

All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals. Along with converters, calculators that designed to make trading to the trader of any level more professional.

•Customer-friendly design

•The comprehensive range of tools

•Automated trading capabilities

•Clear look and fee report

•Industry leading software that does not require familiarization

•Tons of education material and automated strategies available

• No proprietary platform

Mobile Trading Platform

Of course, FXTM offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience. Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated.

•Good design

•Full control over your trading account

•Good charting •Two step verification not offered

Placing orders

Social Trading

In addition to its powerful feature and clear possibility to monitor markets the FXTM platform also enables automated trading which is the execution of orders automatically according to the implemented strategy.

Or you may use the powerful capability of Social Trading alike becoming an investor, this option allowing you to follow ranked strategy managers which you can choose through numerous criteria or filters to follow. In reverse, professionals may become managers and gain extra income by being copied.

Customer Support

Another good point in its client-oriented philosophy of FXTM operation is a competent customer service that is available through various sources including Online Live Chat, Phone, emails, Messenger applications etc. Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.

There are established centers in Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the global needs of traders.

•Customer oriented handling

•Support of international Phone lines and range of languages

•Fast and appropriate answers • No 24/7 customer service

Education & Research

Overall, the main approach of the FXTM we can characterize as a client oriented broker, mindless the trader’s trading capital, experience or style FXTM have a solution to meet a particular need and provide outstanding service in almost every way.

In terms of education, FXTM hosting regular educational events in various cities around the world while satisfying the demand to start the trading journey and supporting with learning material everyone who would like to engage into trading. There are webinars, seminars, platform tutorials, trading tools, research tools, superb glossary, Forex news, Economic Calendar, Market outlooks and Analyst analysis all remaining at your disposal.

Eventually, FXTM education is one of the best we see in the industry, so this point is definitely well organized and highly recommended for your attention.

•Customer oriented education policy

•Great learning material and research tools

•Well organized Forex News, Market Outlook

•Numerous Trading ideas

•Social Trading benefits

•Demo Contests, Live Forex Contests None

What is more, Forex Contest is established by FXTM competition held regularly and is one of the ways to test strategy, polish skills and grow confidence. A truly challenging experience available in both Demo and Live accounts hence is an ideal for both experienced and “fresh” traders, which is definitely another Pro point for FXTM. For recently available contests check the official FXTM website.

Conclusion

As we can conclude throughout our FXTM Review, while the majority of the brokers concentrating mainly on developed and well-known markets, FXTM placed their focus on other countries like Africa and Asia and gain a great winning there.

These opportunity brings the advantage of trading Forex further and allows well-regulated trading offering worldwide, so now FXTM became one of the best Forex providers in South Africa.

Besides, the main tool and a very powerful one in the FXTM business strategy is – education, which attracts new traders and giving a great opportunity for both parties good. And that is apart its largely established social responsibility and other activities they regularly held.

Though, FXTM gives a quality trading potential for both beginners and experienced traders or investors. Moreover, there are other advantages with ForexTime too, the accounts variety is very impressive that allows any trader best suitable option either with flexible or floating leverage, – leverage which determined based on the trader experience and knowledge, tight spreads from 0.1 pips and low deposit requirements.

Nevertheless, for better understanding, we will be glad to know your own thoughts about FXTM which you may share in the comment area below, as well as see other traders’ opinions.

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The founder of Alpari and FXTM companies and one of the main figures in the FX industry, Andrey Dashin, has revealed the changes that will refer to the both brands. He announced that the CEO of the FXTM, Olga Rybalkina, will become a minority shareholder of both Alpari and FXTM companies. Ms. Rybalkina has an.

A few days ago an international online forex broker FXTM (ForexTime) has announced the appointment of Marcelo Spina as Global Head of Partnerships. FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. ForexTime Ltd provides its services to more than.

Forex broker FXTM has recently announced that it got a license from the Financial Services Commission (FSC) in Mauritius. The FXTM brand is also regulated through the FCA, CySEC and the FSCA which are amongst the most stringently regulated financial authorities. FXTM holds the continual offering of excellent trading conditions at the heart of its.

Leading Forex broker FXTM has just announced that it has appointed Tan Chung Han (Han Tan) as a new Market Analyst of the FXTM Market Research team, with a focus on Southeast Asia (SEA). As a new member of the FXTM Market Research team, Han will act as the voice and face for the FXTM.

It is a fact, Forex industry grows daily by bringing tempting opportunities and uniting millions of traders from every corner of the world and making things possible not only for “Trading Sharks” as before but even for a very beginning investors with zero experience. Rising demand for Forex, trading and investments itself, however, attracts numerous.

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